Equities and BondsClearing Fee
Cash products
The fees JSCC will charge Clearing Participants pursuant to the "Rules on Fees" are as follows:
Cash products
- Monthly fee
(1) Securities Clearing Participant: \5,000,000(*1)(*2)
(2) ETF Special Clearing Participant: \50,000
(3) Registered ETF Trust Bank: \50,000
(*1) Charged only on the Clearing Participants whose monthly share of the assumed obligation count exceeds 3% vis-a-vis entire market and whose unit value per assumed obligation is less than the market average.
(*2) The additional monthly fee of \50,000 will be charged when JSCC assumes obligations related to ETF Creation/Redemption. - Clearing fee
- (1) Securities other than bonds (bonds exclude CBs and exchangeable corporate bonds)
- The fee rate for each month is determined using the table shown below. Specifically, (i) divide the daily clearing value (one way) of the entire market in the month (“Daily Clearing Value”) into the portions shown on the left column of the table below, (ii) multiply the applicable portion of the Daily Clearing Value by the rate shown on the right column next to the relevant portion, (iii) add up the values obtained in (ii), and (iv) divide such sum by the Daily Clearing Value. The Clearing Fee charged on a Clearing Participant shall be obtained by multiplying the monthly clearing value of the Clearing Participant by this fee rate.
| Daily Clearing Value (One Way) | Rate |
|---|---|
| Up to JPY1tril. | 0.000007 |
| More than JPY1tril. up to JPY2tril. | 0.0000068 |
| More than JPY2tril. up to JPY2.5tril. | 0.0000058 |
| More than JPY2.5tril. up to JPY3tril. | 0.0000054 |
| More than JPY3tril. up to JPY4tril. | 0.0000049 |
| More than JPY4tril. | 0.0000044 |
- (2)Bonds (bonds exclude CBs and exchangeable corporate bonds)
- (a)Clearing value base:¥0.000004 per face value of ¥1
(b)Contract number base: ¥2.95 per contract cleared
* The Monthly Fee and the Clearing Fee for the cash equity has been revised since April 2024, but, for the time being, JSCC will charge the fee calculated based on the former fee structure applied up to March 2024 if it is cheaper.
- Fees for Settlement
JSCC will charge the Securities Clearing Participants and the Registered ETF Trust Banks the settlement fee for DVP eligible securities, which in turn will be paid to JASDEC as a book entry transfer fee.
